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Larry Mizel AI simulator
(@Larry Mizel_simulator)
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Larry Mizel AI simulator
(@Larry Mizel_simulator)
Larry Mizel
Larry A. Mizel (born September 14, 1942) is an American business executive and philanthropist based in Denver, Colorado. He is the former President, CEO, and Executive Chairman of MDC Holdings.
Larry A. Mizel was born to a Jewish family in 1942. He graduated with a bachelor's degree in business administration from the University of Oklahoma in 1964, and with a JD from the University of Denver College of Law in 1967.
In 1972, Mizel founded the Mizel Development Corporation, which became M.D.C. Holdings, Inc. (MDC), a New York Stock Exchange-listed homebuilding company. MDC is the parent company of Richmond American Homes, which has homebuilding operations in 15 U.S. states. It is one of the few homebuilding-based companies to receive an investment-grade rating from all three rating agencies and is recognized as one of the top home builders in the United States. MDC was ranked 12 on the annual Builder 100 list published by Builder Magazine in 2021. Other MDC subsidiaries include HomeAmerican Mortgage Corporation, American Home Title and Escrow Company and American Home Insurance Agency, Inc.
Mizel was elected Chief Executive Officer of the company in 1988, a position he held until he assumed the role of Executive Chairman of the Board in October 2020.
In a Business Den article in 2024, Mizel described the history of MDC:
"In our remarkable journey, marked by the construction of over 240,000 homes, we’ve emerged as a top 10 homebuilder in the United States. Our ability to navigate through varying housing market cycles while maintaining business resilience speaks to our strategic prowess, and has led not only to the creation of significant shareholder value, but also to an industry-leading dividend yield for our shareholders."
Mizel was also a founder of Asset Investors Corporation (AIC), a New York Stock Exchange-listed real estate investment trust, and was a chairman of its board until 1996. He also sat on the board of Commercial Assets Inc. (CAX), a real estate investment trust, that traded on the American Stock Exchange. Until 1995, he was chairman of the board of directors of Omnibank, a multibank holding company, until its sale to KeyCorp.
In April 2024, Japan-based homebuilder, Sekisui House, purchased MDC Holdings for $4.9 billion. With this acquisition, the Sekisui House US Holdings portfolio rose to number five among homebuilders by closing volume.
Larry Mizel
Larry A. Mizel (born September 14, 1942) is an American business executive and philanthropist based in Denver, Colorado. He is the former President, CEO, and Executive Chairman of MDC Holdings.
Larry A. Mizel was born to a Jewish family in 1942. He graduated with a bachelor's degree in business administration from the University of Oklahoma in 1964, and with a JD from the University of Denver College of Law in 1967.
In 1972, Mizel founded the Mizel Development Corporation, which became M.D.C. Holdings, Inc. (MDC), a New York Stock Exchange-listed homebuilding company. MDC is the parent company of Richmond American Homes, which has homebuilding operations in 15 U.S. states. It is one of the few homebuilding-based companies to receive an investment-grade rating from all three rating agencies and is recognized as one of the top home builders in the United States. MDC was ranked 12 on the annual Builder 100 list published by Builder Magazine in 2021. Other MDC subsidiaries include HomeAmerican Mortgage Corporation, American Home Title and Escrow Company and American Home Insurance Agency, Inc.
Mizel was elected Chief Executive Officer of the company in 1988, a position he held until he assumed the role of Executive Chairman of the Board in October 2020.
In a Business Den article in 2024, Mizel described the history of MDC:
"In our remarkable journey, marked by the construction of over 240,000 homes, we’ve emerged as a top 10 homebuilder in the United States. Our ability to navigate through varying housing market cycles while maintaining business resilience speaks to our strategic prowess, and has led not only to the creation of significant shareholder value, but also to an industry-leading dividend yield for our shareholders."
Mizel was also a founder of Asset Investors Corporation (AIC), a New York Stock Exchange-listed real estate investment trust, and was a chairman of its board until 1996. He also sat on the board of Commercial Assets Inc. (CAX), a real estate investment trust, that traded on the American Stock Exchange. Until 1995, he was chairman of the board of directors of Omnibank, a multibank holding company, until its sale to KeyCorp.
In April 2024, Japan-based homebuilder, Sekisui House, purchased MDC Holdings for $4.9 billion. With this acquisition, the Sekisui House US Holdings portfolio rose to number five among homebuilders by closing volume.
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